Commercial Property

Landlord (5+ Unit Buildings)

Residential rental properties at 5 or more units move out of personal landlord coverage into a commercial policy, what the insurance industry often calls habitational coverage. That shift matters, the policy needs to address property, liability, lost rents, and often an umbrella layer, at a scale a personal policy was never built for.

What it covers

Building property coverage
General liability across common areas and units
Loss of rents
Ordinance or law coverage (rebuild-to-code costs)
Umbrella/excess liability, often required at this scale
Short-term rental (Airbnb/VRBO) portfolio coverage where applicable

Who it's for

Owners of apartment buildings, condo complexes, townhome communities, and mixed-use residential properties with 5 or more units, including short-term rental portfolios at that scale.

Why Firehouse

This is one of our core commercial specialties. We understand the real difference between a 1-4 unit personal landlord policy and a 5+ unit commercial landlord policy, and we make sure your coverage actually matches your risk, not just your old policy renewed on autopilot.

Frequently asked questions

Does this mean one building with 5+ units, or 5 separate rental properties?

One building. This coverage is for a single property, like an apartment building, condo complex, or mixed-use building, that has 5 or more units under one roof. If you own several separate 1-4 unit properties instead, each one may still qualify for personal landlord coverage individually, your advisor can help you compare both approaches.

Do I need umbrella coverage at this scale?

Almost always, yes, the liability exposure across multiple units and common areas typically exceeds what a base policy limit covers.

Get My Quote